Trump Picks ‘Border Czar’; Stocks, Bitcoin Hit All-Time Highs

Bloomberg Audio Studios, Podcasts, Radio News. Good morning, I'm Nathan 0:00:10.840 --> 0:00:13.800 Hager and I'm Karen Moscow. Here are the stories we're 0:00:13.840 --> 0:00:14.640 following today. 0:00:14.800 --> 0:00:17.720 Karen, we begin with President delect Donald Trump making key 0:00:17.800 --> 0:00:21.840 position announcements as he starts to form his second administration. 0:00:22.280 --> 0:00:24.880 In a social media post, Trump said he will install 0:00:25.000 --> 0:00:29.440 Tom Homan as a border zar with oversight over immigration, maritime, 0:00:29.520 --> 0:00:33.080 and aviation security. We get more from Bloomberg News Senior 0:00:33.200 --> 0:00:34.080 editor Bill Ferries. 0:00:34.600 --> 0:00:38.280 Tom Homan used to run the Customs Enforcement Agency. He 0:00:38.400 --> 0:00:42.040 was really the guy partly responsible for this family separation 0:00:42.200 --> 0:00:47.240 policy that defined Trump's position policy at the US Mexico border. 0:00:47.479 --> 0:00:49.800 He will be some kind of a border czar, which 0:00:49.840 --> 0:00:52.800 means he won't have to face Senate confirmation and can 0:00:52.840 --> 0:00:55.000 try to run things right out of the White House 0:00:55.040 --> 0:00:55.920 next to the President. 0:00:56.440 --> 0:00:59.800 Bloomberg's Bill Ferries says the President delect is expected to 0:00:59.840 --> 0:01:03.600 use who's are like positions to concentrate power among loyalists 0:01:03.640 --> 0:01:06.560 in the White House, giving appointees broad discretion over government 0:01:06.600 --> 0:01:09.560 departments and agencies to implement his agenda. 0:01:09.920 --> 0:01:12.240 Well, Nathan, Donald Trump is also turning into a key 0:01:12.280 --> 0:01:15.480 member of leadership in Congress. To be his next UN ambassador. 0:01:15.560 --> 0:01:17.640 The President elect told The New York Post and his 0:01:17.720 --> 0:01:20.240 Statement that he's naming New York congressom and at LEAs 0:01:20.280 --> 0:01:23.720 Daphonic to the position. Steffonic is currently the fourth ranking 0:01:23.760 --> 0:01:26.119 Republican in the House and is one of Trump's highest 0:01:26.120 --> 0:01:28.720 profile allies on Capitol Hill. She was one of the 0:01:28.760 --> 0:01:31.600 one hundred and forty seven House Republicans who voted against 0:01:31.600 --> 0:01:34.840 certifying President Biden's win in twenty twenty, and she was 0:01:34.840 --> 0:01:37.880 the first House member to endorse Trump's twenty twenty four run. 0:01:38.200 --> 0:01:40.840 Karen Republicans are edging closer to winning control of the 0:01:40.840 --> 0:01:43.440 House and pulling off a clean sweep, with two hundred 0:01:43.520 --> 0:01:47.119 eighteen seats needed to keep their majority. The Associated Press 0:01:47.120 --> 0:01:50.000 has called two hundred thirteen races for the GOP, and 0:01:50.080 --> 0:01:54.480 the latest is Arizona's first District. Republican incumbent David Schweikert 0:01:54.520 --> 0:01:57.360 held on against Democrat Ame Shah with fifty two percent 0:01:57.400 --> 0:02:00.480 of the vote to forty eight percent. Nineteen House races 0:02:00.480 --> 0:02:03.040 are still in play, Many of them are in California, 0:02:03.320 --> 0:02:07.080 which takes longer than most states to count it's absentee ballots. 0:02:07.360 --> 0:02:10.560 Well Nathan President Biden will host President ELEC. Donald Trump 0:02:10.600 --> 0:02:12.720 at the White House this week for the first post 0:02:12.720 --> 0:02:15.200 election meeting. They'll meet at the Oval Office at eleven 0:02:15.240 --> 0:02:18.040 a m Eastern on Wednesday. That will be setting in 0:02:18.080 --> 0:02:21.639 motion that transition of power that would be completed in January. 0:02:21.880 --> 0:02:24.359 And at that meeting, Karen Biden is expected to argue 0:02:24.400 --> 0:02:28.400 in favor of continued usaid to Ukraine. White House National 0:02:28.440 --> 0:02:31.720 Security Advisor Jake Sullivan spoke on CBS's Face the Nation. 0:02:32.160 --> 0:02:34.480 Of course, President Biden will have the opportunity over the 0:02:34.480 --> 0:02:36.800 next seventy days to make the case to the Congress 0:02:37.120 --> 0:02:40.360 and to the incoming administration that the United States should 0:02:40.400 --> 0:02:43.280 not walk away from Ukraine. That walking away from Ukraine 0:02:43.480 --> 0:02:47.880 means more instability in Europe, and ultimately, as the Japanese 0:02:47.880 --> 0:02:51.919 Prime Minister said, if we walk away from Ukraine in Europe, 0:02:52.440 --> 0:02:55.160 the question about America's commitment to where allies in Asia 0:02:55.280 --> 0:02:55.720 will grow. 0:02:55.840 --> 0:02:58.839 The White House National Security Advisor Jake Sullivan's comments come 0:02:58.960 --> 0:03:02.320 as Trump's election victory and Republican control of potentially both 0:03:02.360 --> 0:03:05.440 houses of Congress raise questions about the future of US 0:03:05.480 --> 0:03:06.640 support for Ukraine. 0:03:06.840 --> 0:03:09.400 May Weil Nathan Trump reportedly spoke of the Russian President 0:03:09.480 --> 0:03:12.680 Vladimir Putin. Last Thursday, two days after the election, The 0:03:12.760 --> 0:03:15.800 Washington Post is reporting Trump advised Putin not to escalate 0:03:15.880 --> 0:03:18.920 the war in Ukraine. This morning, the Kremlin is denying 0:03:18.919 --> 0:03:21.519 the two leaders spoke. During his campaign, Trump said he 0:03:21.520 --> 0:03:23.399 would bring an immediate end to the conflict. 0:03:23.600 --> 0:03:26.680 Cern markets now karen Us. Bond markets are closed because 0:03:26.680 --> 0:03:29.919 it's Veterans Day, but stocks they're coming off their best 0:03:29.960 --> 0:03:33.359 week of the year, rose four point seven percent during 0:03:33.360 --> 0:03:35.440 the election week, with the S and P five hundred 0:03:35.480 --> 0:03:39.720 hitting its fiftieth record this year. Monama Hadjen, senior investment 0:03:39.800 --> 0:03:43.040 strategist at Edward Jones, says the equity rallies broadening across 0:03:43.120 --> 0:03:46.440 various sectors and expects that to continue post election. 0:03:46.920 --> 0:03:49.960 We do think that that broadening of market leadership theme 0:03:50.080 --> 0:03:53.760 does have legs independent of what was happening in politics. 0:03:53.800 --> 0:03:57.040 We were seeing lower Fed funds rate, lower interest rates, 0:03:57.080 --> 0:04:01.000 as well as a earnings expansion driving that story. We 0:04:01.080 --> 0:04:04.000 think the addition of those pro growth policies add some 0:04:04.080 --> 0:04:04.960 fuel to that fire. 0:04:05.080 --> 0:04:08.040 Monimahadgen of Edward Jones says the equity rally could broaden 0:04:08.080 --> 0:04:11.720 further if some of presidents elect Trump's pro growth policies 0:04:11.800 --> 0:04:12.760 are pasted. 0:04:12.880 --> 0:04:15.040 And Nathan, we are seeing some of the Trump trades 0:04:15.080 --> 0:04:18.799 still in effect. This morning, Bitcoin hitting another all time high. 0:04:18.839 --> 0:04:21.760 Bloomberg Markets reporter Valerie Title sys the move is very 0:04:21.760 --> 0:04:23.599 clearly linked to Trump's election win. 0:04:24.000 --> 0:04:27.400 Since the first of November, Bitcoin has rallied fifteen percent 0:04:27.600 --> 0:04:30.760 overnight across the eighty one thousand level mark, up another 0:04:30.800 --> 0:04:33.520 percent so far in this morning's trade. Trump is seen 0:04:33.680 --> 0:04:36.720 as very friendly to cryptocurrency assets, and then pair that 0:04:36.800 --> 0:04:38.760 with the fact that he's teamed up with Elon Musk. 0:04:38.800 --> 0:04:41.960 That seems very positive for cryptocurrencies generally, and we've seen 0:04:42.000 --> 0:04:44.320 Bitcoin not wait for any further clarity but take a 0:04:44.360 --> 0:04:45.080 leap higher on that. 0:04:45.520 --> 0:04:48.360 And Bloomer's Valery Title says Bitcoin is sored by more 0:04:48.360 --> 0:04:50.360 than ninety percent in value this year. 0:04:50.440 --> 0:04:52.880 And earning seasons winding down. Karen, But we do get 0:04:52.920 --> 0:04:55.200 reports from nearly a dozen companies in the S and 0:04:55.200 --> 0:04:56.640 P five hundred this week. 0:04:56.480 --> 0:04:57.640 Including home Depot. 0:04:57.720 --> 0:05:00.000 Let's get a preview now from Bloomberg's Charlie Pellett. 0:05:00.480 --> 0:05:04.640 Bloomberg Intelligence says the home improvement retailers same store sales 0:05:04.720 --> 0:05:08.520 are expected to slide for an eighth consecutive quarter as 0:05:08.600 --> 0:05:13.200 lower existing home sales continue to challenge sales. BI says 0:05:13.240 --> 0:05:16.080 the impact of hurricanes may add a revenue boost and 0:05:16.160 --> 0:05:19.680 increased costs in subsequent quarters. So far this year, the 0:05:19.680 --> 0:05:23.640 stock is up seventeen point one percent. Twenty nine analysts 0:05:23.640 --> 0:05:25.640 say it's a bye, eleven say it's a whole, and 0:05:25.800 --> 0:05:28.839 four say it's a cell. In New York, Charlie Pellett, 0:05:28.839 --> 0:05:29.960 Bloomberg Radio. 0:05:30.040 --> 0:05:32.920 All right, Charlie, thank you. Turning to the economy, Minneapolis 0:05:32.960 --> 0:05:36.800 Fed President Neil cash Carey says, the economy remains remarkably strong, 0:05:36.920 --> 0:05:38.760 but inflation still remains. 0:05:39.080 --> 0:05:40.320 We need to finish the job. 0:05:40.680 --> 0:05:42.880 We want to have confidence and inflation is going to 0:05:42.880 --> 0:05:45.400 go all the way back down to our two percent target. 0:05:46.600 --> 0:05:49.440 And Minneapolis Fed President Neil cash Carey made the comments 0:05:49.480 --> 0:05:53.160 on CBS's Face the Nation Catch the program Sunday afternoon 0:05:53.279 --> 0:06:00.400 on Bloomberg Radio, and it is time now look at 0:06:00.440 --> 0:06:02.120 some of the other stories making news in New York 0:06:02.160 --> 0:06:03.800 and around the world. And for that we're joined by 0:06:03.839 --> 0:06:06.279 Bloomberg's John Tucker, John goodburning. 0:06:05.960 --> 0:06:08.240 Man, Good morning, Karen. Just a week after Donald Trump's 0:06:08.279 --> 0:06:12.599 resounding election victory, Manhattan judge is poised to decide whether 0:06:12.640 --> 0:06:16.000 to uphold the hush money verdict against him or dismiss it. 0:06:16.480 --> 0:06:18.800 That's because of the US Supreme Court decision back in 0:06:18.880 --> 0:06:23.440 July that gave presidents broad immunity from criminal prosecution. Judge 0:06:23.440 --> 0:06:26.960 wanmer Shaan has said he'll issue a written opinion on Tuesday. 0:06:27.400 --> 0:06:30.320 Nearly two hundred nations meeting at the annual United Nations 0:06:30.320 --> 0:06:34.000 Summit this week must now consider how to avoid catastrophic 0:06:34.080 --> 0:06:38.119 climate change without help from the world's biggest economy. Donald 0:06:38.160 --> 0:06:40.039 Trump is found to take the US out of the 0:06:40.120 --> 0:06:44.239 landmark twenty fifteen Paris Agreement once again, his presence will 0:06:44.320 --> 0:06:47.400 loom over negotiators, even though he won't be at the 0:06:47.520 --> 0:06:51.719 COP twenty nine Climate conference in person. Ft X file 0:06:51.760 --> 0:06:55.800 the lawsuit against Anthony Scaramucci and his hedge fund, Skybridge Capital. 0:06:56.160 --> 0:06:58.360 Let's get more from Bloomberg's than East Pellegrini. 0:06:58.800 --> 0:07:02.160 The lawsuit against the former White House Communications director is 0:07:02.279 --> 0:07:05.000 part of a broader effort to claw back money for 0:07:05.120 --> 0:07:09.000 creditors of the bankrupt company. FTX alleges during the crypto 0:07:09.040 --> 0:07:12.080 winter of twenty twenty two, founder at now jailed Sam 0:07:12.080 --> 0:07:16.560 Bekminfried engaged in a campaign of influence buying, and the 0:07:16.560 --> 0:07:20.560 bankrupt crypto firm alleges bankmin Freed invested sixty seven million 0:07:20.600 --> 0:07:24.560 dollars into various Skybridge endeavors. FTX is now seeking to 0:07:24.600 --> 0:07:28.560 recover more than one hundred million dollars in damages. Denise Pellgritty, 0:07:28.560 --> 0:07:29.480 Bloomberg Radio. 0:07:29.480 --> 0:07:31.880 Global News twenty four hours a day and whenever you 0:07:31.920 --> 0:07:34.720 wanted with Bloomberg News. Now, I'm John Tucker, and this 0:07:35.040 --> 0:07:36.119 is Bloomberg. Karen. 0:07:36.400 --> 0:07:43.200 All right, John Tucker, thank you time now for the 0:07:43.200 --> 0:07:46.400 Bloomberg Sports Update, brought to you by tri State OUTI 0:07:46.480 --> 0:07:48.760 here's John stash Hour, Johnkin morning. 0:07:48.520 --> 0:07:51.120 Good morning. Here in the NFL Sunday Begain in Munich, 0:07:51.160 --> 0:07:54.120 where the fans were drinking and singing songs, didn't seem 0:07:54.120 --> 0:07:56.440 to mind. They were watching a pair of two and seventeens. 0:07:56.480 --> 0:07:58.720 They saw Carolina take a ten point lead, the Giants 0:07:58.840 --> 0:08:01.120 rally in the fourth quarter, so I forced overtime and 0:08:01.160 --> 0:08:03.640 then won the coin flip to get the ball first. 0:08:03.920 --> 0:08:07.000 Tyrone Tracy fumbled on the first play and the Panthers 0:08:07.000 --> 0:08:10.280 won twenty to seventeen. Tracy, to his credit, owned up 0:08:10.320 --> 0:08:11.000 after the game. 0:08:11.320 --> 0:08:14.560 I'm put a lot into this game. You know, well, 0:08:14.640 --> 0:08:17.120 swat and tears, you know, the same everybody say. But 0:08:17.200 --> 0:08:20.120 like I play with passion. I felt you could see 0:08:20.120 --> 0:08:22.200 it on the field. I have a lot of energy 0:08:22.720 --> 0:08:25.440 and I hold myself to a hot standard. So when 0:08:25.440 --> 0:08:26.840 you know, when things like that happened with the game 0:08:26.880 --> 0:08:28.600 on the line, you know, and overtime come all the 0:08:28.600 --> 0:08:30.720 way back, like you know, that's the last thing in 0:08:30.760 --> 0:08:31.880 your mind that you want to happen. 0:08:32.120 --> 0:08:35.040 Giants go to the Byeway with a five game losing streak. Later, 0:08:35.080 --> 0:08:37.880 it was the Jets getting wallowed by the Cardinals thirty 0:08:37.920 --> 0:08:40.680 one to six. Arizona score touchdowns on their first three possessions. 0:08:40.760 --> 0:08:43.760 Kyler Murray twenty two of twenty fours. The Jets dropped 0:08:43.760 --> 0:08:46.360 to three and seven. Look like Kansas City would suffer 0:08:46.400 --> 0:08:48.960 its first loss. Denver lined up for a game winning 0:08:48.960 --> 0:08:49.760 field goal. 0:08:50.160 --> 0:08:53.600 Fox witting for the snap place winners down. 0:08:54.000 --> 0:08:57.880 Let's just take us goods, just. 0:08:59.320 --> 0:09:01.320 Gotta stay undefeated. 0:09:00.920 --> 0:09:03.800 One of six ' five. The Wolf Jeeps won sixteen fourteen. 0:09:03.840 --> 0:09:06.040 They're nine to oh Detroit eight and one. Didn't look 0:09:06.040 --> 0:09:08.320 good last night for them in Houston, Down twenty three 0:09:08.360 --> 0:09:11.040 seven at half time, the Lions roared back to win. 0:09:11.080 --> 0:09:13.600 Twenty six, twenty three. Jake Bates, who kicked the game 0:09:13.679 --> 0:09:16.679 tying fifty eight yard field goal, kicked the fifty two 0:09:16.720 --> 0:09:18.880 yard to win at Pittsburgh, Stay's atop the AFC North 0:09:18.880 --> 0:09:21.400 twenty eight, twenty seven at Washington, the Commander's Paul at 0:09:21.400 --> 0:09:24.240 a first. Philadelphia takes the lead with a thirty four 0:09:24.280 --> 0:09:27.720 to six route in Dallas, Jalen Hurts two tds passing 0:09:27.760 --> 0:09:31.280 two running Patriots one with a dominant defense nineteen to three. 0:09:31.280 --> 0:09:33.640 In Chicago held the Bears one hundred and forty two yards. 0:09:33.840 --> 0:09:36.160 Knicks lost. In Indiana won thirty two one twenty one. 0:09:36.240 --> 0:09:38.880 Pacers made twenty one three pointers. Nick's had only seven 0:09:39.200 --> 0:09:42.680 Miami Marlins named Dodgers coach Clayton McCullough their new manager 0:09:42.960 --> 0:09:45.599 John Stash. That were Bloomberg Sports Karon Nathan. 0:09:47.600 --> 0:09:51.720 Coast to coast on Bloomberg Radio, nationwide on Sirius XM, 0:09:51.800 --> 0:09:54.720 and around the world on Bloomberg dot Com and the 0:09:54.760 --> 0:09:58.720 Bloomberg Business app. This is Bloomberg Daybreak. Good morning. 0:09:58.720 --> 0:10:02.640 I'm Nathan Hager. President Donald Trump is making quick moves 0:10:02.679 --> 0:10:05.439 to fill out key positions for his second term. They 0:10:05.440 --> 0:10:10.360 include a new border czar former acting ICE Director Tom Homan, 0:10:10.679 --> 0:10:13.359 who may have hinted at his approach at the Republican 0:10:13.440 --> 0:10:14.959 National Convention back in July. 0:10:15.559 --> 0:10:19.480 Has a guy who spent thirty four years departing illegal aliens. 0:10:19.800 --> 0:10:22.679 I got a message to themands of illegal aliens that 0:10:22.800 --> 0:10:25.199 Joe Biden's releasing our country and violation. 0:10:24.880 --> 0:10:27.640 Of federal law, you better start packing now. 0:10:28.800 --> 0:10:32.480 Joining us for more on the president elect policy moves 0:10:32.480 --> 0:10:34.600 and more from the nation's capital, we are joined by 0:10:34.640 --> 0:10:37.400 Bloomberg News senior editor Bill Ferries. 0:10:37.600 --> 0:10:37.840 Bill. 0:10:37.960 --> 0:10:41.040 Good morning. For those for whom Tom Homan is not 0:10:41.320 --> 0:10:45.240 necessarily a familiar name, what does his appointment suggest about 0:10:45.280 --> 0:10:49.760 how President elect Trump could approach the immigration issue in 0:10:49.800 --> 0:10:51.520 his second term. 0:10:51.840 --> 0:10:55.000 Well, I think it tells you first how important this 0:10:55.120 --> 0:10:58.640 issue is to President elect Trump. I mean, he is 0:10:58.720 --> 0:11:03.280 really outside of his chief of staff Susie Wiles is 0:11:03.880 --> 0:11:06.600 Tom Homan is one of the first names that the 0:11:06.640 --> 0:11:10.280 President elect has announced, So it's clear he's moving quickly 0:11:10.320 --> 0:11:12.280 on that. It's clear it's going to be a priority. 0:11:12.640 --> 0:11:16.760 And Tom Homan may not be a household name, but 0:11:16.920 --> 0:11:19.720 his policies are certainly well known. He was really the 0:11:19.760 --> 0:11:24.439 author of the family separation policy that was so controversial 0:11:24.600 --> 0:11:28.520 during President Trump's first term, and he has been a 0:11:28.559 --> 0:11:33.400 staunch defender of that approach even back since it started 0:11:33.400 --> 0:11:35.600 in twenty eighteen. So I think it tells you how 0:11:35.640 --> 0:11:37.840 important it is. I think it tells you how quickly 0:11:38.320 --> 0:11:40.680 President Trump wants to move and the fact that he's 0:11:40.720 --> 0:11:42.880 going to be kind of a czar based in the 0:11:42.880 --> 0:11:46.080 White House means there's no there won't be any need 0:11:46.120 --> 0:11:49.480 for a Senate confirmation process, so he can start essentially 0:11:49.480 --> 0:11:50.959 on day one with the president. 0:11:51.320 --> 0:11:53.840 Is there a suggestion then that the border zar could 0:11:53.840 --> 0:11:57.360 be a more powerful position under a second Trump administration 0:11:57.559 --> 0:12:03.120 than the Senate confirmable positions willd to immigration and border security. 0:12:04.040 --> 0:12:06.720 Well, certainly, I mean, we'll have to see how other 0:12:06.800 --> 0:12:10.760 positions come out, but there is a sense that, perhaps, 0:12:11.800 --> 0:12:15.480 having learned from his first term, President Elect Trump is 0:12:15.520 --> 0:12:19.959 going to have a number of people who have czar 0:12:20.280 --> 0:12:24.800 like titles based in the White House, essentially senior advisors 0:12:24.880 --> 0:12:28.239 or senior counselors who may in fact have more influence 0:12:28.360 --> 0:12:32.760 than agency heads or even cabinet secretaries in some cases. 0:12:33.280 --> 0:12:35.800 Interesting as well, that we're hearing one of the first 0:12:35.880 --> 0:12:40.040 Senate confirmable positions that President elect Trump has announced is 0:12:40.160 --> 0:12:43.800 for United Nations Ambassador, and he's turning to a pretty 0:12:43.840 --> 0:12:46.640 staunch loyalist on Capitol Hill to fill out that post. 0:12:47.920 --> 0:12:52.080 Yeah, he's turning to a Congresswoman Elise Stephanic, someone who 0:12:52.200 --> 0:12:55.200 was really kind of more of a moderate Republican in 0:12:55.280 --> 0:12:58.640 her early years in Congress, but who made a sharp 0:12:58.720 --> 0:13:02.480 turn became a big defender of President Trump in the 0:13:02.520 --> 0:13:06.600 second half of his term. Was someone who you know, 0:13:06.840 --> 0:13:10.880 opposed his votes of impeachment and was actually I think 0:13:10.920 --> 0:13:13.720 the first member of Congress to or one of the 0:13:13.760 --> 0:13:17.920 first to endorse him for a third term ahead of 0:13:17.920 --> 0:13:21.560 this year's election. So a true loyalist, someone who will 0:13:21.679 --> 0:13:24.720 likely sit in the cabinet as a as a UN envoy, 0:13:25.280 --> 0:13:29.960 and someone who you know, the president president elect feels 0:13:29.960 --> 0:13:31.439 like he can trust wholeheartedly. 0:13:32.280 --> 0:13:34.640 For the President to like to pick someone on Capitol 0:13:34.679 --> 0:13:38.880 Hill Republican in the House, does that suggest some kind 0:13:38.880 --> 0:13:44.760 of confidence that president like Trump feels like the Republican 0:13:44.800 --> 0:13:47.240 Party is going to hold on to the House. It's 0:13:47.280 --> 0:13:50.480 still not quite called just yet terms of the majority. 0:13:51.480 --> 0:13:55.000 It's not called. We have the latest that in terms 0:13:55.000 --> 0:13:58.200 of called races two hundred and thirteen Republicans to two 0:13:58.240 --> 0:14:03.280 hundred and three Democrats. There was one more Republican seat 0:14:04.600 --> 0:14:09.240 that was called in Arizona about seven hours ago. But 0:14:09.360 --> 0:14:12.840 it does look like Republicans are leading in most of 0:14:12.880 --> 0:14:16.520 the in the remaining seats by and large, So there 0:14:16.559 --> 0:14:18.520 is a lot of confidence on the Republican side that 0:14:18.559 --> 0:14:22.680 they will hold the Congress the lower the House representatives. Now, remember, 0:14:22.720 --> 0:14:25.520 holding it with a narrow lead can be just as 0:14:25.640 --> 0:14:29.120 challenging as as as not having the majority. 0:14:29.160 --> 0:14:29.880 In some cases. 0:14:29.920 --> 0:14:34.080 We've seen Mike Johnson really struggle on in some situations 0:14:34.120 --> 0:14:37.720 to get his caucus to vote. He's needed Democratic support 0:14:37.760 --> 0:14:41.440 in a lot of cases. So, but you'd rather have 0:14:41.480 --> 0:14:45.360 a slim majority rather than a slim minority heading into 0:14:45.920 --> 0:14:49.240 heading into the next you know cycle here. 0:14:49.440 --> 0:14:51.400 Got about a minute left bill. What to make of 0:14:51.440 --> 0:14:55.320 these now conflicting reports that President elect Trump had a 0:14:55.360 --> 0:14:58.680 phone call with Vladimir Putin of Russia just about two 0:14:58.760 --> 0:14:59.840 days after the election. 0:15:01.680 --> 0:15:04.800 Yeah, you know, there was a Washington Post story saying 0:15:04.840 --> 0:15:08.320 that President Trump had a call with Putin and then 0:15:08.520 --> 0:15:13.160 he warned the Russian president against escalating the war in Ukraine. 0:15:14.480 --> 0:15:17.560 You know, we don't have any confirmation of that. Ourselves. 0:15:17.840 --> 0:15:20.480 It would not be a surprise there. Now, we've seen 0:15:20.520 --> 0:15:25.160 reports that from Bob Woodward that former President Trump may 0:15:25.160 --> 0:15:28.440 have had a number of calls with Vladimir Putin during 0:15:28.520 --> 0:15:31.560 his four years away from the White House. He has 0:15:31.680 --> 0:15:35.560 promised to end the war in Ukraine before taking office, 0:15:35.640 --> 0:15:37.720 so this would be in line with that. We know 0:15:37.840 --> 0:15:41.600 he did speak with the Ukraine President Zelenski, so it 0:15:41.680 --> 0:15:44.000 is entirely plausible that they've had this talk and that 0:15:44.080 --> 0:15:46.359 they'll have more talks before President Trump. 0:15:46.120 --> 0:15:46.600 Was sworn in. 0:15:46.920 --> 0:15:49.880 This is Bloombergy day Break, your morning podcast on the 0:15:49.960 --> 0:15:53.480 stories making news from Wall Street to Washington and beyond. 0:15:53.680 --> 0:15:56.120 Look for us on your podcast feed by six am 0:15:56.120 --> 0:15:59.520 Eastern each morning, on Apple, Spotify, or anywhere else you listen. 0:15:59.680 --> 0:16:02.600 You can also listen live each morning starting at five 0:16:02.640 --> 0:16:05.360 am Wall Street time on Bloomberg eleven three to zero 0:16:05.360 --> 0:16:08.240 in New York, Bloomberg in ninety nine to one in Washington, 0:16:08.320 --> 0:16:12.280 Bloomberg ninety two nine in Boston, and nationwide on serious 0:16:12.480 --> 0:16:14.040 XM Channel one twenty one. 0:16:14.440 --> 0:16:17.160 Plus listen coast to coast on the Bloomberg Business app 0:16:17.200 --> 0:16:20.760 Now with Apple CarPlay and Android Atto interfaces. 0:16:20.240 --> 0:16:22.960 And don't forget to subscribe to Bloomberg and News Now. 0:16:23.080 --> 0:16:25.680 It's the latest news, whenever you want it in five 0:16:25.720 --> 0:16:28.720 minutes or less. Search Bloomberg News Now and your favorite 0:16:28.720 --> 0:16:33.400 podcast platform to stay informed all day long. I'm Karen Moscow. 0:16:33.200 --> 0:16:35.720 And I'm Nathan Hager. Join us again tomorrow morning for 0:16:35.800 --> 0:16:37.720 all the news you need to start your day right 0:16:37.720 --> 0:16:38.760 here on Bloomberg. 0:16:38.840 --> 0:16:39.200 Dabreak